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20130216
20130224
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Search Results 0 to 26 of about 27 (some duplicates have been removed)
's a debt ceiling, which we thought was going to happen -- four, actually, the fiscal cliff, which didn't happen, that would have been bad. a debt ceiling, which would have been unimaginably horrible, a hell storm of epic proportions. a continuing resolution which could lead to a government shutdown, and a sequester. the sequester is, of these four, probably the least damaging to the economy, the least disruptive, least freakout to the market. there's an advantage to the fact boehner has moved his people to have a fight on the sequester. obama and him are going to have a fight on the sequester and hopefully we'll figure this out before we get to the debt ceiling or something we can't get back out of. there is a sense with a harm mitigation strategy being attempted by john boehner here to try to get his people focused on something, where even if it goes wrong and there's no deal, we don't crash the global economy as a consequence. >> it reminds me of the late 1800s and 1900s when leeching was the preferred medical treatment, bleed it out, bleed it out. that's effectively the strategy tak
>> the debt ceiling represents the equivalent of a massive fiscal heart attack. >> after the fiscal cliff... >> do you solemnly swear... >> extremely ideological people who have never governed are now in the congress. >> and when we first got here, we were patted on the back and said, "great, the cavalry has arrived." >> another crisis to come. >> deal-making is not part of the program of conviction politics. >> enough is enough. you will not spend another dime, you will not put us in hock. >> this is now one week from d-day. there's no deal. >> the fiscal cliff is a fiscal suicide vest. the whole place is going to blow up. >> frontline investigates the ongoing battle. >> throw the country into default. >> political armageddon >>what's the word, "madness?" >>tonight on frontline "cliffhanger" frontline is made possible by contributions to your pbs station from viewers like you. and by the corporation for public broadcasting. major support for frontline is provided by the john d. and catherine t. macarthur foundation, committed to building a more just, verdant and pea
's a level of brinks manship being played in congress. h.i.v. seen it over the debt ceiling. i've seen it over the fiscal cliff that is just unnecessary. there needs to be a lel of pragmatism back to our politics. i give a lot of credit to the president. he's not just saying let's raise taxes. he said the obvious, we in america cannot continue to spend more than we take in. it's something i don't have the luxury of as mayor doing. what i see the president doing is putting tremendous cuts on the table, trillions of dollars of cuts. you just heard the chief of staff say they're willing to put $4 trillion in cuts but it has to be in a balanced way. the challenge i see right now, if this happens, the sequester happens, the cuts will be blunt, brutal and mind as opposed to being intelligent and insightful. and it will not invest. it will stop us from investing in those critical areas in america we must invest on if we want long-term economic growth. >> schieffer: mr. mayor, let me ask you one thing, frank lautenber, the long-term senator from new jersey said he will not seek reelection. you
to the party, because as we've seen through fiscal cliff, debt ceiling and now sequester, they don't have to get anything done, even when they put the guillotine over their own necks to get something done, they still won't get anything done. is that why glenn beck doesn't like chris christie anymore? >> jonathan, krystal and nia-malicka, thank you. coming up the vice president loads both barrels. >>> first off, the chinese have hacked my blackberry. i can't open up any of my e-mails. they're sitting here being held hostage. i click on them and they don't open. oh, yeah, i could have put the back on first. [ male announcer ] when ziggy the cat appeared at their door, he opened up jake's very private world. at first, jake's family thought they saved ziggy, but his connection with jake has been a lifesaver. for a love this strong, his family only feeds him iams. compared to other leading brands, it has 50% more animal protein... ...to help keep ziggy's body as strong as a love that reaches further than anyone's words. iams. keep love strong. ♪ they hatin' ♪ patrolling they tryin' to catc
going. pretty simple, huh? republicans threaten to stop it. it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they don't like who we have elected as president, they find some way to undermine the president. whatever it takes to destroy it. we are using in this country the same old cold war cia tactics to destabilize our own country. look at the impact this constant threats to shut down the government have been having on public confidence. it's all in the ratings. it's undermining it, making people forever nervous about the basic ability of america to even have a running government. that patriotic? i don't think so. that's "hardball" for now. thanks f
the launch of this new $60 million campaign to exploit the wrangling over the fiscal cliff, the debt ceiling and the sequester, the misinformation campaign has worked. a bloomberg poll on the size of america's budget deficit shows 62% of americans think the deficit is getting bigger. 28% of americans think that it's staying the same. and get this number, only 6% agree with the truth. my friends, the deficit is shrinking. the congressional budget office says the deficit is down to $845 billion. it is projected to be $600 billion less than when the president took office. americans need to break out of this misinformation loop, don't you think? if they want to listen to a republican, maybe they should try listening to outgoing transportation secretary ray lahood. he spoke about the sequester consequences today, including the loss of 100 air traffic controllers. >> this requires compromise. this requires republicans stepping forward with some ideas about how to keep essential services of government running at the level that people have been accustomed to. this is not rocket science. >> well, it'
? republicans threaten to stop it. it's relentless, the fiscal abyss, the debt ceiling. different words, different deadlines all detonate the same explosion. they threaten to crash the government if they don't like the way it's doing something. if they don't like who the american people have elected as republican. isn't what the republicans did in the old days? if they didn't like a government somewhere, guatemala, iran, chile, they just brought it down. guess what? republicans are now using the same tactic here at home. if they don't like who we have elected as president, they find some way to undermine the president. whatever it takes to destroy it. we are using in this country the same old cold war cia tactics to destabilize our own country. look at the impact this constant threats to shut down the
this hand. remember this was all about the debt ceiling. how do we avoid going over the fiscal cliff with the debt ceiling last summer. and they were log jammed. and they said we need something to really make this happen. and at a meeting at the white house somebody said years ago they had a thing called the sequester, where these horrible horrible, horrible cuts were put in there that would happen if congress didn't act. and everybody said okay. let's do that again. then it came up to the congress and the republicans in congress 174 of them voted for this. john boehner paul ryan eric cantor all voted for it. and when it was over john boehner said i love this. i got 98% of what i want. these cuts which are so bad that everybody thought never, never, never would congress go along with it. you know why the republicans want to go along with it? because they don't give a damn. they don't care if the government is whacked across the board. first responders and air traffic controllers and pell grants and all of that other stuff cut. they don't care. so my question to you is,
over the fiscal cliff, greta and have the debt ceiling expire and everyone thought the super committee would get it worked out and the president handled that in the third debate he picked it and doesn't get it done. >> governor, it failed in november of 2011 and what did everybody do between 2011 and now, nothing. the president played golf and congress went on recess, everyone took, everyone took this time. pay the piper on this. they went to work and nothing to stop them after the super committee failed to actually get down to work and instead they did. and we're sad they campaigned to get their jobs back. >> you're exactly right. look, it takes leadership and it starts at the top. the president is the commander-in-chief and his own secretary of defense says the cuts will be devastating. the united states military and national security and now the president is running around doing press conferences when he should be in a room with congress trying to figure it out. here is the problem, greta. we need to cut. the sequester is only 1.2 billion dollars, that's not even one year of the def
in their perception caved on the fiscal cliff and then having put off the debt ceiling, the republicans really feel like this is something they have to stand their ground on. >> chris, karl rove superpac has an ad out of bom's mess. let me play it and get your reaction to this. >> a bad idea. are you willing to see a bunch of first responders lose their job. teachers laid off. air traffic controllers and airport security. this is hardship on a lot of people. scene zone yours. middle class families. scramble to find -- >> is this ad effective? you can take out the cut-out of the president and put in speaker boehner. he said he would like not to have the sequester come down. >> after that ad, i know why the group was so effective in the last election. >> that was an easy one. it's pretty janky but they're trying to say it's obama's mess and does it instead put the spotlight on the divide within the republican party? those things the president is saying is exactly what speaker boehner has said. >> i think the problem is if you're trying to shift blame to the president right now given the president's l
? >> that is right. >> would it be reasonable, confronting a fiscal cliff in january, potential debt ceiling default in march, sequestration, or ceiling default in february, sequestration in march, government shut down in april, another potential debt ceiling in may, could shake the confidence of some investors in our ability to deal with our responsibilities? >> yes. we think the crisis mode of fiscal policy over the last few years is reducing people's confidence. how big of an effect that is, we don't know. >> the gentleman's time has expired. >> i think by anyone's objective measure in this town or country, we would consider you a smart man and a good economist, right? >> thank you. >> it befuddles me, it strikes me that some of us want to spee chify other than uses precious time to engage you in questioning. -- use this precious time to engage you in questioning. i will try to continue on in that regard. speaking of speechifying, we heard it is impossible to get ourselves out of this debt situation by spending cuts alone. i want to understand if i am correct that the cbo projects that revenue w
is this is not the same as the fiscal cliff for the debt ceiling where the next day everybody's taxes are going to go up. these budget cuts would happen over time, and a lot of the furloughs would not happen for a month or two months. the next, big budget deadline is march 27, when the continuing resolution will expire, and meeting the will shut down if there is not a budget deal reached by march 27. there is talk of a sequestration deal being rolled into that so that march 27 might be the next deadline to look at. host: poco -- "the new york times" has this story -- "dire forecast on effective budget cuts." here is bloomberg businessweek looking at a reboot for the simpson-bowles plan. are we hearing anything new from them and what has the reaction been? guest: what is interesting is we have not had a ton of reaction from both sides. here is generally what their plan looks like -- 2.4 trillion dollars over the course of 10 years. that is scaled back. their other big deficit commission was around $4 trillion. one quarter of that would come from medicare and medicaid savings. another quarter would come f
. it was in the end game on the fiscal -- on the debt ceiling negotiations in 2011. literally july 27th, 2:30 in the afternoon, jack lew, who's in the white house chief of staff, rob neighbors, the head of congressional relations for president obama, went to see harry reid and proposed sequester. of course, everyone signed up to it, but it was designed to not happen. the cuts were perceived to be so draconian in domestic policy and in defense issues that no one would ever let this happen. it was the super committee, as you may remember, that was supposed to come up with more rational budget cuts. they failed. so we're stuck with -- it's kind of like being on a cruise ship with no power. >> where you have the captain and crew fighting each other and going around in circles. i don't get this, bob. you write this book about how the president and congress talk past each other. we have an election. we hear they might start talking together in a more positive sense. yet, here we have a situation that the defense industry hates, that advocates for the poor hate, that economists hate because you'r
ceiling fight coming up again in may. so there's a lot of uncertainty around fiscal policy, around government contracting of all kinds. so it's going to be a sort of rolling snowball effect, i might call it, where it gets bigger and bigger. and by may this may be the only thing we're talking about. >> richard, one could wonder at this point, what was the point of setting the sequester limit if now we're just figuring out ways to come up with a new deal? this was supposed to be the deal. this was supposed to be the thing that forced action. >> right. >> what was the point of it if we're not going to enforce it? >> that's a very good question. what was the point of it? the point of it was that people had crawled out on a limb, and they needed to come off it somehow. the very people who crawled out on that limb are now saying, how did we ever get here? you made me do it. it is ridiculous. and unfortunately, you know, what's that hillary clinton line that she used to use? the definition of madness is doing the same thing over and over again and expecting a different result. just in ter
to our country. >> now, when it came to negotiations on the debt ceiling deal those came down to the wire. we saw the same thing with the fiscal cliff that didn't get resolved until after the deadline had passed and the sequester was supposed to take effect in january, but it got pushed to march. i have to ask you as a member of congress, why does congress put everything to the last minute, right down to the wire. is there a procedural reason for that? a tactical reason? >> it's like poker. you wait until you get the last card in order to find out whether you think you can win or not and then you normally assess what happens if you lose. but when you have a handful of people that can't lose and they want to win and if they stop government they've won and they don't feel the pain like it's their mom or their kids that are losing. they believe that their conservatism is enough to be a patriot to bring their own party down, but to bring the country down with it. and so i heard you say that we'll do this over and over again until people are numb, but even with russian roulette, there is a liv
Search Results 0 to 26 of about 27 (some duplicates have been removed)